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Announcing the annual Local Association “Stack the PAC” Challenge!

​​We are excited to announce the reinvigorated, reimagined, “Stack the PAC" local association competition! Each fiscal year (May 1 – April 30), beginning this year, the top performing local association for IAPAC fundraising will be honored with the Champion Cup!What is the purpose of “Stack the PAC?"Now, perhaps more than ever, our industry is facing threats from Albany. Our goal is to drive home the importance of our political action committee, recognize associations that go above and beyond for the cause, and most importantly help independent agencies thrive by growing our influence. How is the winning local association determined?The winner is determined by a weighted…

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Ask Tim: N.Y. Workers’ Comp Coverage Endorsement on Homeowners Policy

​The following is a re-publication of a post that originally ran in 2011.Question from an IIABNY member: I have a personal lines customer who called saying he has a person come to his house every other week and do five hours worth of cleaning. He wanted to confirm there is liability coverage should she be hurt. I called the insurance carrier and the underwriter forwarded the attached Workers Comp endorsement, which to me is a bit confusing. Can you advise your understanding of this endorsement? I would assume if she were hurt on the premises and the insured was negligent (i.e. he allowed her to…

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DFS Nixes Requirement To Have Exams Monitored

​The New York State Department of Financial Services will no longer require that an insurance producer have a monitor present during an exam following a ​continuing education course. The department announced the change in a November 2 circular letter.Due to the COVID-19 pandemic, DFS started issuing a series of circular letters​ in March that extended producer license expiration dates and made other temporary changes. Among those changes was a moratorium on the requirement to have a monitor present during a CE exam. A circular issued in August extended the changes to November 5. The new circular stated in part:DFS hereb​y eliminates the requirement that a monitor…

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